Why Hormuz will haunt us long after this war ends
Iran has shown that control of the strait gives it a stranglehold over the world economy
Iran has shown that control of the strait gives it a stranglehold over the world economy

A system fixated on building up military deterrents has discovered its most important point of leverage over the world

Passage for vessels is designed to show Iran’s dominance over waterway and limit diplomatic isolation, analysts suspect

Near-closure of Strait of Hormuz has left thousands of ships stuck in the Gulf with limited protections for crew

Tehran suggests system of charging fees and limiting passage to ‘non-hostile’ ships could endure beyond current war

Written statement is first public comment from Mojtaba Khamenei since the start of the war

Disruption to commodities far beyond oil and gas will have a long-lasting impact